CBRC overweight financial market chaos rectification involves many real estate fields.

Phoenix Real Estate Zibo News (edited by Liu Jia) On May 17, China Banking and Insurance Regulatory Commission, China issued the Notice on Consolidating the Achievements of Controlling Chaos and Promoting Compliance Construction (hereinafter referred to as the Notice), covering banks, trusts, financial asset management companies, insurance companies, financial leasing companies, finance companies, auto finance companies and consumer finance companies.

It is worth noting that the notice mentions real estate in many places.

The real estate content involved in the notice

1. In Annex 20 19 of the Notice, the second part "Implementation of Macro Policies" states that-

Off-balance sheet funds are directly or in disguised form used for land transfer financing;

Failing to strictly examine the qualifications of real estate development enterprises and illegally providing financing for real estate development projects with incomplete "four certificates";

Personal comprehensive consumer loans, commercial loans, credit card overdrafts and other funds were diverted to purchase houses;

Funds illegally flow into the real estate market through shadow banking channels;

The management of M&A loans, operating property loans and other loans is not strict, and the funds are misappropriated for real estate development.

Two. In the working points of 20 19 on "Consolidating the achievements of chaos control and promoting compliance construction" in the non-banking sector attached to the notice, the section on "Implementation of macro-control policies in the trust sector" points out that-

Provide financing directly to real estate development projects with incomplete "four certificates", unqualified qualifications of developers or their controlling shareholders, and insufficient capital, or provide financing in disguised form through equity investment+shareholder loan, equity investment+subscription of bad debts, accounts receivable, and income rights of specific assets;

Provide financing for real estate enterprises to pay the land transfer price directly or in disguised form, and provide working capital loans for real estate enterprises directly or in disguised form.

Three. In the working points of 20 19 attached to the Notice on "Consolidating Anti-Chaos Achievements and Promoting Compliance Construction" in the non-banking sector, the section on "Financial asset management companies in other non-banking sectors" points out that-

Failing to implement the policies and regulatory requirements of the real estate business;

Providing financing to local governments in violation of laws and regulations or illegally adding local government debts through financing platforms.

Four. In the working points of 20 19 attached to the Notice on "Consolidating the achievements of the crackdown and promoting compliance construction" in the non-banking field, the section on "financial leasing companies" points out that-

Carry out real estate business in violation of regulations;

Providing financing to local governments and financing platforms in violation of regulations.

(Source: National Business Daily)